Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Arsenal to Become Billionaire Club
The Guardian, September 18th, 2007 4:01PM

MOST READ

MOST COMMENTED

The Guardian's Matt Scott says that Arsenal FC effectively became "a billion-pound football club" Tuesday when Uzbeki Alisher Usmanov bought an additional 3.13 percent of the club for $40 million, bringing his total stake in Arsenal to 21 percent. The purchase means that the billionaire is now Arsenal's second largest shareholder, behind Danny Fiszman, who owns 24.11 percent. Fiszman and other major shareholders/members of the Arsenal board made an agreement not to sell their shares until next April.

American billionaire Stan Kroenke, who purchased 12.2 percent of the club in March, might be willing to offload his stake, which has appreciated more than 50 percent since his purchase six months ago. Kroenke is expected to meet with the board next month to inform them about what he plans to do with the shares.  

In all likelihood, Usmanov and his company Red and White Holdings, of which the exiled David Dein is chair, will acquire the shares they need take control of the Gunners. As Scott points out, Arsenal is an attractive prospect for investors.  Its Emirates Stadium is the richest in the world in terms of revenue and its loan to build the stadium was fixed at "an astonishingly low rate."

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Gunners' Debuchy Out Three Months     
Arsne Wenger on Tuesday confirmed that France defender Mathieu Debuchy will be out of action for ...
Roma's De Rossi to Miss Key Matches    
AS Roma on Tuesday confirmed that midfielder Daniele De Rossi has a first-degree calf injury, making ...
Portugal Appoints Fernando Santos as Coach    
The Portuguese soccer federation (FPF) on Tuesday appointed former Greece coach Fernando Santos as head coach. ...
Report: Liverpool in Breach of FFP?     
Liverpool on Tuesday said it's "very relaxed" about reports suggesting that it might have nearly 7 ...
Zidane in Hot Water Over Coaching Licenses    
Spain's national soccer coaching center (CENAFE) on Tuesday denounced former France and Real Madrid legend Zinedine ...
Ousted Magath Furious Over Cheese Remedy Revelation    
Former Fulham coach Felix Magath, who was fired last week after the Cottagers terrible start to ...
FIFA Mulls New Concussion Protocol    
At a meeting of its executive committee in Zurich on Tuesday, soccer's world governing body FIFA ...
Report: Lampard Could Extend City Loan     
Frank Lampard could be set for an emotional return to Stamford Bridge after Manchester City coach ...
Ozil on the Defensive    
In an interview with German news outlet FAZ, Arsenal's much-maligned playmaker Mesut Ozil defended his record ...
LVG: We Threw Away Three Points     
Louis van Gaal said that Manchester United threw three points away as Leicester City twice rallied ...
>> Section 2 Around the Net Archives